{"id":536037,"date":"2021-09-09T02:03:17","date_gmt":"2021-09-09T06:03:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/caesars-entertainment-inc-announces-agreement-to-sell-william-hill-non-us-assets-to-888-holdings-plc-for-2-2bn\/"},"modified":"2021-09-09T02:03:17","modified_gmt":"2021-09-09T06:03:17","slug":"caesars-entertainment-inc-announces-agreement-to-sell-william-hill-non-us-assets-to-888-holdings-plc-for-2-2bn","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/caesars-entertainment-inc-announces-agreement-to-sell-william-hill-non-us-assets-to-888-holdings-plc-for-2-2bn\/","title":{"rendered":"Caesars Entertainment, Inc. Announces Agreement to Sell William Hill Non-US Assets to 888 Holdings Plc for \u00a32.2bn"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">LAS VEGAS<\/span> and <span class=\"xn-location\">RENO, Nev.<\/span>, <span class=\"xn-chron\">Sept. 9, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Caesars Entertainment, Inc<b>.<\/b> (NASDAQ: CZR) (&#8220;Caesars&#8221;) today announced an agreement to sell the non-US assets of William Hill to 888 Holdings Plc for approximately \u00a32.2 billion. After the repayment of debt and other working capital adjustments, Caesars expects to receive net proceeds from the transaction of approximately \u00a3835mm or <span class=\"xn-money\">$1.2 billion<\/span>. The transaction is subject to receipt of the approval of shareholders of 888 Holdings Plc and regulatory approvals. Caesars&#8217; expectation is that the transaction should close during the first quarter of 2022. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1217653\/Caesars_Entertainment_Inc_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1217653\/Caesars_Entertainment_Inc_Logo.jpg\" title=\"(PRNewsfoto\/Caesars Entertainment Inc.)\" alt=\"(PRNewsfoto\/Caesars Entertainment Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;I&#8217;d like to personally thank Ulrik and all of the team at William Hill for their professionalism and dedication while they have been part of Caesars and particularly during the sale process.\u00a0 I am delighted that, as we said we would when we announced the offer for William Hill PLC, we have found an owner for the William Hill business outside the US which shares the same objectives, approaches and longer-term ambitions of that business,&#8221; said <span class=\"xn-person\">Tom Reeg<\/span>, CEO of Caesars Entertainment, Inc. <\/p>\n<p>Deutsche Bank and Linklaters LLP represented Caesars on the transaction. <\/p>\n<p>\n        <b>About Caesars Entertainment, Inc. <br \/><\/b>Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino-entertainment company in the US and one of the world&#8217;s most diversified casino-entertainment providers. Since its beginning in <span class=\"xn-location\">Reno, NV<\/span>, in 1937, Caesars Entertainment, Inc. has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.&#8217;s resorts operate primarily under the Caesars\u00ae, Harrah&#8217;s\u00ae, Horseshoe\u00ae, and Eldorado\u00ae brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences. All tied to its industry-leading Caesars Rewards loyalty program, the company focuses on building value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. Know When To Stop Before You Start.\u00ae Gambling Problem? Call 1-800-522-4700. For more information, please visit. <a href=\"http:\/\/www.caesars.com\/corporate\" rel=\"nofollow\">www.caesars.com\/corporate<\/a>. <\/p>\n<p>\n        <b>Forward-Looking Statements<br \/><\/b>This press release includes forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words &#8220;anticipates,&#8221; &#8220;assumes,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;expects,&#8221; &#8220;guidance,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;projects,&#8221; and similar expressions that do not relate to historical matters. Forward-looking statements include \u00a0all statements other than statements of historical fact, including statements regarding required regulatory approvals and expected timing of consummation of the proposed transaction. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors which are, in some cases, beyond Caesars&#8217; control and could materially affect actual results, performance, or achievements. Although Caesars believes that in making such forward-looking statements its expectations are based upon reasonable assumptions, there is no assurance that the proposed transaction will be consummated, and such forward-looking statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected. \u00a0Caesars cannot assure you that the assumptions upon which these statements are based will prove to have been correct. Risks and uncertainties regarding the forward-looking statements contained herein include, but are not limited to, the possibility that the proposed sale of the non-US assets of William Hill to 888 Holdings Plc does not close when expected or at all because required regulatory or other approvals are not received or other conditions are not satisfied on a timely basis or at all and other risk factors that are detailed from time to time in Caesars&#8217; filings with the\u00a0Securities and Exchange Commission. Caesars does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.<\/p>\n<p>Source: Caesars Entertainment, Inc. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA00675&amp;sd=2021-09-09\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/caesars-entertainment-inc-announces-agreement-to-sell-william-hill-non-us-assets-to-888-holdings-plc-for-2-2bn-301372095.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/caesars-entertainment-inc-announces-agreement-to-sell-william-hill-non-us-assets-to-888-holdings-plc-for-2-2bn-301372095.html<\/a><\/p>\n<p>SOURCE  Caesars Entertainment, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA00675&amp;Transmission_Id=202109090200PR_NEWS_USPR_____LA00675&amp;DateId=20210909\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire LAS VEGAS and RENO, Nev., Sept. 9, 2021 \/PRNewswire\/ &#8212;\u00a0Caesars Entertainment, Inc. (NASDAQ: CZR) (&#8220;Caesars&#8221;) today announced an agreement to sell the non-US assets of William Hill to 888 Holdings Plc for approximately \u00a32.2 billion. After the repayment of debt and other working capital adjustments, Caesars expects to receive net proceeds from the transaction of approximately \u00a3835mm or $1.2 billion. The transaction is subject to receipt of the approval of shareholders of 888 Holdings Plc and regulatory approvals. Caesars&#8217; expectation is that the transaction should close during the first quarter of 2022. &#8220;I&#8217;d like to personally thank Ulrik and all of the team at William Hill for their professionalism and dedication while they have been part of Caesars &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/caesars-entertainment-inc-announces-agreement-to-sell-william-hill-non-us-assets-to-888-holdings-plc-for-2-2bn\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Caesars Entertainment, Inc. Announces Agreement to Sell William Hill Non-US Assets to 888 Holdings Plc for \u00a32.2bn&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-536037","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Caesars Entertainment, Inc. Announces Agreement to Sell William Hill Non-US Assets to 888 Holdings Plc for \u00a32.2bn - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/caesars-entertainment-inc-announces-agreement-to-sell-william-hill-non-us-assets-to-888-holdings-plc-for-2-2bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caesars Entertainment, Inc. Announces Agreement to Sell William Hill Non-US Assets to 888 Holdings Plc for \u00a32.2bn - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire LAS VEGAS and RENO, Nev., Sept. 9, 2021 \/PRNewswire\/ &#8212;\u00a0Caesars Entertainment, Inc. (NASDAQ: CZR) (&#8220;Caesars&#8221;) today announced an agreement to sell the non-US assets of William Hill to 888 Holdings Plc for approximately \u00a32.2 billion. After the repayment of debt and other working capital adjustments, Caesars expects to receive net proceeds from the transaction of approximately \u00a3835mm or $1.2 billion. The transaction is subject to receipt of the approval of shareholders of 888 Holdings Plc and regulatory approvals. Caesars&#8217; expectation is that the transaction should close during the first quarter of 2022. &#8220;I&#8217;d like to personally thank Ulrik and all of the team at William Hill for their professionalism and dedication while they have been part of Caesars &hellip; Continue reading &quot;Caesars Entertainment, Inc. 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